Sixty shareholders and 11 proxy holders attended the meeting, with 99 percent of shareholders voting in favor of the dividend.
Ooredoo Maldives held its Annual General Meeting (AGM) last night, approving a dividend of MVR 3.43 per share from its 2023 profit.
Sixty shareholders and 11 proxy holders attended the meeting, with 99 percent of shareholders voting in favor of the dividend.
This marks an increase of MVR 0.16 per share compared to the previous year when the company distributed MVR 3.27 per share.
Ooredoo also approved its audited financial statements and appointed KPMG as its auditor for this year, with a salary of MVR 904,514.
The company recorded a profit of MVR 684 million in 2023, a slight decrease from MVR 685 million in the previous year. However, revenue grew by 5 percent, reaching MVR 2,203 million compared to MVR 2,097 million in 2022.
Speaking at the AGM, Ooredoo CEO Khalid Al Hamadi described 2023 as a successful year, highlighting the company’s efforts to expand services, particularly its 5G coverage, which now reaches 60 percent of the Maldives.
He also noted that various promotions contributed to Ooredoo’s success and added that even more special promotions will be offered this year, in celebration of the company’s 20th anniversary.
Since becoming a public company in 2016, Ooredoo has consistently increased its revenue and profitability year after year.
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